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Kodak's growth and decline: a timeline

Rochester Business Journal

January 19, 2012

For more than a century, Eastman Kodak Co. has dominated Rochester’s business landscape and been one of the world’s most recognizable brands. Here is a timeline of the company’s growth and struggles since local employment peaked in the early 1980s:

1990 – Kay Whitmore is elected chairman and CEO. Kodak rolls out its Photo CD system for playing images on television screens. Polaroid Corp. wins a $909.5 million award against Kodak for infringement of Polaroid's instant-photography patents. A court had ruled in 1985 after a 75-day trial that Kodak had infringed Polaroid's instant photography patents when Kodak launched instant cameras in the mid-1970s.

1996 – The Advanced Photo System format is introduced. Kodak’s first pocket-sized digital cameras for the consumer market are unveiled.

1997 – Kodak sells the sales, marketing, and equipment service operations of its Office Imaging business and its facilities management business (formerly known as Kodak Imaging Services) to Danka Business Systems PLC.

1998 – America Online and Kodak announced “You've Got Pictures!” a service where AOL members could have their processed pictures delivered online. Kodak buys most of Imation Corp.’s worldwide medical imaging business. Rochester payroll slides below 30,000 to 28,100.

1999 – Kodak sells its digital printer, copier/duplicator and roller assembly operations to Heidelberger Druckmaschinen AG. The two companies also expanded their joint venture, NexPress, which was created in 1998.

2001 – Daniel Carp becomes CEO as well as president. A year later, he adds chairman to his title. The Kodak EasyShare line of digital cameras and docking systems is launched. The firm acquires Ofoto Inc., a leading online photography service.

2007 – Kodak completes the sale of its Health Group to an affiliate of Onex Corp. of Canada. The business becomes Carestream Health Inc. With the move, Kodak’s local payroll falls below 10,000.

2008 – Kodak begins mining its patent portfolio, which generates nearly $2 billion in fees over three years.

2009 – The company posts a $137 million fourth-quarter loss and announces plans to cut up to 4,500 more jobs. It ceases selling Kodachrome film after 74 years of production.

2010 – Kodak sues Apple Inc. and Research in Motion before the U.S. International Trade Commission, accusing the smartphone makers of patent infringement. Global employment falls to 18,800. Standard & Poor’s removed Kodak from its S&P 500 index.

2011 – The company looks to sell some 1,100 digital-imaging patents. A judge extends the camera patent dispute into 2012. Kodak shares fall below $1 and it receives a delisting warning from the New York Stock Exchange. In December, General Counsel Laura Quatela is elected as president. Philip Faraci also will continue as president, a position he has held since September 2007.

2012 – Kodak unveils a new business structure, cutting its number of segments from three to two: the commercial segment and the consumer segment. Then in the early morning hours of Jan. 19, Kodak files for Chapter 11 bankruptcy protection.